Impact of China's Emissions Trading System on Industries and its Policy Implications

Jihyun Jung ()
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Jihyun Jung: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/

No 23-37, World Economy Brief from Korea Institute for International Economic Policy

Abstract: China, the world's largest carbon emitter and skeptical of developing countries’ emissions reduction commitments, announced internationally in 2020 its vision to peak carbon emissions in 2030 and achieve carbon neutrality by 2060. China's emission reduction strategy has a significant impact on China's economy and society as a whole, and Korea, which has a close economic ties with China, will also be affected. China's carbon neutral policy announced in 2021 includes the continuous promotion of policies such as direct regulation, public investment, and subsidies, as well as the nationwide implementation of the ETS and the expansion of applicable industries. This study analyzed the impact of China's ETS on Chinese industries using the input-output model, and derived implications for Korea-China economic relations based on the results.

Keywords: China; ETS; Impact on Industries; Korea-China economic relations (search for similar items in EconPapers)
Pages: 7 pages
Date: 2023-10-19
New Economics Papers: this item is included in nep-cna, nep-ene, nep-env and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2023_037

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